Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Mathews, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mathews, AL provides a financial boost to eligible homebuyers in Mathews, AL, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Mathews, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mathews, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mathews, AL, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Mathews, AL without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Mathews, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mathews, AL.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Mathews, AL. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Mathews, AL and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA Down Payment Assistance Home Loans in Mathews, Alabama offer significant benefits to potential homeowners. These loans require a lower down payment, making the dream of homeownership more achievable for many individuals and families. Demographically, Mathews, Alabama is a diverse community with a mix of residents from different racial and ethnic backgrounds. The area has a strong sense of community, with residents who take pride in their town and work together to create a welcoming and inclusive environment. In terms of the housing market, Mathews, Alabama offers a range of affordable housing options, from single-family homes to apartments. The market is stable, with moderate appreciation rates, making it a good investment opportunity for those looking to buy property in the area. Main attractions in Mathews, Alabama include beautiful parks, cultural events, and a rich history to explore. Residents and visitors alike can enjoy outdoor activities, local festivals, and historic sites that showcase the town's heritage and character.
Benefits of FHA Down Payment Assistance Home Loan in Mathews, Alabama
